Food Service Industry
Renda & Renda’s accounting team helps restaurants ranging from fast food franchises to high end establishments balance their books and plan for taxes. Your restaurant faces payroll, sales and income taxes. You also must consider fluctuating supply chain costs, food waste, employee training, and your commitment to research and development when evaluating your food service business’s financial health.
- Payroll processing
- Payroll taxes
- Sales taxes
- Corporate income taxes
- Personal income taxes
- Financial statement preparation
Controlling Food Costs and Waste
Accounting for the cost of your raw materials and the impact waste can have on your business is a big part of restaurant bookkeeping. Renda & Renda has decades of experience helping restaurants and franchises control food costs and waste. We evaluate our client’s current financial health and help them prepare for the future through consulting, bookkeeping and regular financial reports.
Keeping Up with Trends
In the restaurant business, customers’ wants and needs are always changing. Businesses that are prepared to research and develop new dishes are the ones that succeed. Having the labor, capital and real estate you need to keep up with shifting tends requires forward-thinking planning. We have experience helping food service businesses evaluate their current financial health and allocate budget for innovation.
Restaurant Tax Accounting
With fluctuating materials and labor costs, preparing for taxes can be a challenge for a food service business owner or manager. Renda & Renda works with our clients throughout the year to plan for tax payments (as well as other large expenses). Our restaurant tax accounting team prioritizes communication, letting our clients know exactly what information we need from them to get their taxes filed on time.
If you have any questions about Renda & Renda’s services, please feel free to fill out our contact form and we will get back to you within two business days.